St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-04-24
RUN OF REAL ESTATE.
All of the Heavy Business at the OPP
posite Extremities of the
City.
Real Estate Buyers and Sellers All Agog
Over the Stock Yard
Boom.
North End Property Still Sailing Up.
ward, and the End Is Not
in Sight.
The Motor Extension VIII Boom the
Soush Side--Bufldtng
Matters.

What a Juror has been created in real
estate circles by the announcement Of the
Minneapolis stock yard scheme. The land
bought lies at least five miles from the river.
and northeast of Sandy lake in Mound
View township, Ramsey county. 1t could
be more properly regarded as belonging to
st. Paul than Minneapolis, as it lies in
Ramsey county and is as near the Sanity
City as the Flour City. But it is controlled
by Minneapolis men, and so of course re-
garded as a Minneapolis enterprise, and
Minneapolis men have hastily secured OPP
tons on every available acre within three
miles of the yards"
~
Various opinions are expressed as to the
desirability of Mound View acres as an in
yeStment. The names of the investors in
the stock yard are tower OF strength in
themselves, but conservative men are rather
of the opinion that the fellows in the stock
yard deal are the ones who will make
money. 1t is learned from reliable sources
that options are far more common than alb
stracts of title in the Mound View deals;
this would indicate hope on the bu! ers
rather than faith. and it proves that the
| thing is generally regarded as, in some I'M
explained way, shakey. The general Judg-
ment of the cautious dealers is that the
man who sells out first is the winner. and
that the fellows who hold for raise will
| find themselves in the hole.
~
But the enthusiasts are loud in their ex-
pressons of faith. 1.-The stock yard deal
was the most cleverly managed real estate
| move that this city has ever SEEM" said one,
"but knew nine months ago that something
was brewing over there. I accidentally
learned that the Minneapolis & st. Louis
had bought out there and of course that
| meant something" When asked why he
did not buy up what was left he senten-
| tiously remarked. ''cause was fool" A
prominent business man who owns 12O
acres of the southwest corner section Of
Mound View, is taking energetic measures
| to make manufacturing town on his plat.
He has secured the location of station OF
| the 800" on his property, and it Is whis-
pered that the Pray Manufacturing COM
| pany will find location there. Most deal
| ers are very reticent regarding their stock
| yard schemes. They are deeply interested,
| or ''are handling something" or ''have a
| hen on" or will give you big one next
| week." but their deals are of kind, or in a
condition. to keep silent about.
~
| Fridley continues to draw investors. A
| plat of lis acres was sold at $165 per acre,
| and another of seventy acres brought $125
last week-both lie north of Fridley.
Root, Woodland & Co. sold twenty-four
acres in the northeast section of st. An
| thony town for S12.000 last week. All
| land between the river and Crystal lake.
along the line of the $780," is steadily in
creasing in value. and holders are smilingly
| watching themselves grow richw ithOut an
effort.
~
A story is going the rounds that the stock
| yard syndicate has actually secured 2, 900
acres when it was announced that they had
bought 9OO and that it is their intention to
sell the surplus for enough to pay for the
900 acres which they propose to save.
This is rumor, and as such it is printed.
~
But activity in acres is not confined to
the northeast. From trustworthy sources
| it is learned that the contracts of sales of
Crystal Lake and Single Creek property
are being met in good faith rumors to the
contrary notwithstanding. Rood. Woodland
| & Sawyer report the sale of seventy-siX
acres one and half miles west of Hopkins
| for SIS. 800, or $175 per acre. Property
| owners on Nicollet avenue, between Thr-
| ty-seyepth street and the city limits, are
anXiously awaiting the result of their petit
| ton to the city council for the extension of
| the motor to Washburn home. 1t is
pleasure to announce that from perfectly
| reliable sources it is learned that the line
will be built to Fiftieth street just as rap
| idly as the work can be done. The railway
| committee of the city council is in favor of
the extension, and so South side outlets
| will steadily advance. -,
~
Continuing on around the circle, a num-
| Der of owners of land lying between Mime
haha Falls and Lake Amelia have been
making extensive improvements this spring.
The work has progressed thus far without
any noise Oh buster, and the gentlemen
concerned have shown commendable enter
prise in their undertaking. The parties in
terested, Messrs. Bushard and Haywood,
A. j. Boardman, DR.. Hause and f. nj.
Runyan, have donated the land for boule-
ward between the falls and Lake Amelia-a
few other parties will add their donations
and the parties named, after grading and
planting the boulevard, will turn il over to
the commission without cent of expense
to the city. The addition which will be
traversed by this boulevard will be first
class and no building costing less than
81. 500 will be built in the additions. Other
restrictive measures have been adopted. and
in this way the vicinity is to be made very
desirable.
~
Inside property is very quiet, everybody
being too much interested in acres to have
any time to talk lots. The builders are
hopeful of busy season, but their hopes
are founded rather ON real estate activity
than On any great amount of work in the
architects offices. w. III. Eustis will
shortly begin a three-story building, 50X50,
| on Sixth street. near Hennepin avenue.
The ground floor will be divided into stores,
and the two upper floors will be elegantly
| fitted for club rooms. Long & KEGS will
soon begin on the addition to the Kasota
| clock. 4,